Lump on upper shaft of penis. Can someone help me out?

Saw this lump about a week ago. It was a little smaller but i tried lightly popping it (which did nothing but irritate it). i wasnt too worried about it at first but now i cant get my mind off of it. i am sexually active and have also had unprotected sex with a new partner about 2 weeks ago. i dont think it is an std because ive looked at different pictures and it doesnt seem to look like any of them. Can someone help me out please? thank you!!

it is also squishy not hard at all .

There are several things this could be: from the look of it this may have started as a penile cyst but the skin on top of that has an infection too.
So what i would do would be to get some liquid antiseptic that is used to treat cuts and grazes on the skin - dab a little undiluted of the liquid antiseptic onto this 3 or 4 times a day for 4 or 5 days. This will likely draw out the infection, but you may still have the cyst which clear in their own time.
You can update your Forum Post here when you have any changes - but try the liquid antiseptic for 4 or 5 days at least …